Topic: How people fund their Sportsbooks - page 2. (Read 286 times)
I'm really against tokens as a whole, though I would never touch a sportsbook that's funded through a token; I'd much rather use one that's privately funded, because a ton of tokens lose value or just straight out die every day and I prefer to be paid in BTC rather than anything else anyways. I'm not particularly familiar with the legality of either type of sportsbook as I have very little knowledge of starting a sportbook, but I imagine even sportsbooks that use tokens still block the usual countries (USA, etc) that are blocked by most crypto casinos.
I'd personally stick to the privately funded ones, only those with proof of funding to be exact.
These ICO sportbooks are all over the place and the majority will eventually end up failing, you don't want to invest any of your time in those.
I have no idea about the legal situation of either though, they all seem to operate in some sort of legal gray area.
These ICO sportbooks are all over the place and the majority will eventually end up failing, you don't want to invest any of your time in those.
I have no idea about the legal situation of either though, they all seem to operate in some sort of legal gray area.
Not sure of the accurate data but somewhat 89% of Sportbooks and online Casinos are privately funded. Even the giants like Bet365 was privately funded too. If you are considering to invest in this sector, the best bet is to raise capital by offering private equities to close friends and family who believes in your dream.
Private equity is always base on trust more than anything else, because you are dealing with people you know, and that knows you as well. As for token, it's always hard to pull that off. And sometimes, Casinos and Sportsbooks who choose to go through that route may have problems along the line.
Private equity is always base on trust more than anything else, because you are dealing with people you know, and that knows you as well. As for token, it's always hard to pull that off. And sometimes, Casinos and Sportsbooks who choose to go through that route may have problems along the line.
Hey guys.
Keen to get the thoughts of the community on the following and hopefully this may open an interesting discussion. I have many years of experience within the fiat gambling industry in terms of designing and managing sportsbooks but have little crypto experience. From what I can see there seems to be a split in terms of the type of operators in the market.
• Traditional sportsbooks (usually BTC focused) that are predominantly self-funded or with private investment and offer customers the chance to bet with a wide range of the major cryptos available
• Sportsbooks that launch their own ‘token’ which can be traded on an exchange, and used to raise initial funding for development/marketing/bankroll. I am guessing a lot of companies like to do this as their risk is limited and also gives a chance to get capital appreciation on the tokens also
Are there any legal implications for going down one route vs another (i.e. do Sportsbooks go down the token route because it enables them to trade in more jurisdictions given customers are betting with a ‘utility token’ versus a cryptocurrency coin?)
Which route do you prefer as an investor or customer?
Keen to get the thoughts of the community on the following and hopefully this may open an interesting discussion. I have many years of experience within the fiat gambling industry in terms of designing and managing sportsbooks but have little crypto experience. From what I can see there seems to be a split in terms of the type of operators in the market.
• Traditional sportsbooks (usually BTC focused) that are predominantly self-funded or with private investment and offer customers the chance to bet with a wide range of the major cryptos available
• Sportsbooks that launch their own ‘token’ which can be traded on an exchange, and used to raise initial funding for development/marketing/bankroll. I am guessing a lot of companies like to do this as their risk is limited and also gives a chance to get capital appreciation on the tokens also
Are there any legal implications for going down one route vs another (i.e. do Sportsbooks go down the token route because it enables them to trade in more jurisdictions given customers are betting with a ‘utility token’ versus a cryptocurrency coin?)
Which route do you prefer as an investor or customer?
Depending on what an individual is looking at pulling in the crypto gambling space both options are worthy of considering and the first option at the moment is a better route to go for the following reasons:
Going the route of tokens and raising some form of ICO or IEOs as being the option would mean dealing with a lot of hassles that have to do with publicity, legality, listing on exchange sites and the support that needs to be consistent. With all of these and the accompanying cost implications, there is no guarantee that it will be a success with the general feeling in the market private investors route on the other hand, would save the stress as the only concern would be ensuring there is returns for the investors while focus is made on publicity, credibility and penetration.
I personally prefer privately funded sportsbooks that provide players the opportunity to invest in the bankroll. I'm not really a fan of sportsbooks or other casinos that are forced to raise funds by providing some sort of token, since they almost invariably fail to live up to the expectation of the investors. With that said, I'd like to see a sportsbook that offers investors improved odds and a few other features in exchange for part-funding.
That's the impression I get also. It seems that a lot of these token based Sportsbooks I see have all these glossy whitepapers but when I have checked to see their progress in a lot cases they have overpromised and underdelivered with their product. Not to generalise but I sense a lot of people seem to have been proverbially sold down the river in this way
I personally prefer privately funded sportsbooks that provide players the opportunity to invest in the bankroll. I'm not really a fan of sportsbooks or other casinos that are forced to raise funds by providing some sort of token, since they almost invariably fail to live up to the expectation of the investors. With that said, I'd like to see a sportsbook that offers investors improved odds and a few other features in exchange for part-funding.
Hey guys.
Keen to get the thoughts of the community on the following and hopefully this may open an interesting discussion. I have many years of experience within the fiat gambling industry in terms of designing and managing sportsbooks but have little crypto experience. From what I can see there seems to be a split in terms of the type of operators in the market.
• Traditional sportsbooks (usually BTC focused) that are predominantly self-funded or with private investment and offer customers the chance to bet with a wide range of the major cryptos available
• Sportsbooks that launch their own ‘token’ which can be traded on an exchange, and used to raise initial funding for development/marketing/bankroll. I am guessing a lot of companies like to do this as their risk is limited and also gives a chance to get capital appreciation on the tokens also
Are there any legal implications for going down one route vs another (i.e. do Sportsbooks go down the token route because it enables them to trade in more jurisdictions given customers are betting with a ‘utility token’ versus a cryptocurrency coin?)
Which route do you prefer as an investor or customer?
Keen to get the thoughts of the community on the following and hopefully this may open an interesting discussion. I have many years of experience within the fiat gambling industry in terms of designing and managing sportsbooks but have little crypto experience. From what I can see there seems to be a split in terms of the type of operators in the market.
• Traditional sportsbooks (usually BTC focused) that are predominantly self-funded or with private investment and offer customers the chance to bet with a wide range of the major cryptos available
• Sportsbooks that launch their own ‘token’ which can be traded on an exchange, and used to raise initial funding for development/marketing/bankroll. I am guessing a lot of companies like to do this as their risk is limited and also gives a chance to get capital appreciation on the tokens also
Are there any legal implications for going down one route vs another (i.e. do Sportsbooks go down the token route because it enables them to trade in more jurisdictions given customers are betting with a ‘utility token’ versus a cryptocurrency coin?)
Which route do you prefer as an investor or customer?
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